If you’re like most of the world right now, you’re probably watching the 2018 FIFA World Cup. It is unarguably one of the most anticipated sporting events in the world. Only a once-in-every-four-year occurrence, the hype surrounding keeps growing. But how do host countries handle it all? More specifically, how is Russia, this year’s host, […]
Logistics
The Logistics of NAFTA: What Does it Mean for Supply Chain?
What is NAFTA? Established in 1994, the North American Free Trade Agreement aims to make it easier for the US, Canada, and Mexico to do business with each other. Over the last 24 years, the trade bloc has eliminated tariffs and reduced other barriers to trade. However, not everybody believes that NAFTA’s benefits outweigh the costs. […]
Logistics: The Real Cupid Behind Valentine’s Day
Unsurprisingly, Valentine’s Day is the number one holiday for florists. For this special day, consumers spend around $2 billion on flowers. As a consumer, flower shopping for your loved ones is made easy. These days, you can even place an online order. For suppliers and florists, it’s not so simple. With almost 257 million roses grown for the holiday and many last-minute orders, […]
How to Select the Right 3PL Partner for Your Organisation?
A Third Party Logistics (3PL) provider is a third party business that undertakes your logistics services. These include anything to do with managing the movement of goods and services from one place to another. A 3pl provider can offer transportation, warehouse management, fulfillment services and more. They may specialize in one particular area or offer […]
Understanding the Inventory Costs that your Business Incurs
Inventory costs can amount to be a significant expense for your business operations. From an accounting perspective, you may classify them as inventory in raw material, work-in-process, or finished goods. These expenditures could be incurred in various ways like space, labor, damage, theft etc. In this post, we will talk about the major types of inventory […]
Drop Shipping for your eCommerce Store? Here’s what you need to know.
Valued at over $1.6 Trillion in 2015 and projected to grow over 20%, eCommerce is clearly a substantial industry. There are approximately 12-24 million stores selling online, even though only a small portion is profitable. Regardless, eCommerce is popular due to its easy setup- anybody can sell online. This is where drop shipping comes in. […]
